Hong Kong-based
CLSA Capital ­Partners
has quietly moved to put a $300 million-plus portfolio of office towers in Sydney and Melbourne to the market.

Both the Sydney tower, at 20 Hunter Street, and the Melbourne tower, at 485 La Trobe Street, are held in the CLSA-managed
Fudo Capital, II LP
, a private equity real estate fund.

The
Colliers international
and
CBRE
agencies have been appointed to handle the process. Both declined to comment.

It is expected the Sydney asset will attract offers of as much as $110 million; the Melbourne tower, which has undergone substantial refurbishment, could win bids of $200 million.

CLSA has already received ­approaches from the likes of Korean funds,
TIAA-CREF
and local players.

It is a relatively quick turnaround for the Hong Kong fund manager, after it seized the two properties during the post-GFC downturn in the commercial market. It bought the Hunter Street building for $77 million from Grosvenor Group in 2009. The following year it bought the La Trobe Street tower for almost $141 million from Investa.